AdityaAhluwalia

XBT/USD (Bitmex) 11 March 2018 evening price update

BITMEX:XBT   Bitcoin / US Dollar Index
DISCLAIMER - This is not financial advice. This is entertainment for crypto geeks!

BTC             and thus XBT was showing bullish moves in the evening today.


Almost touched $9400 but retraced from there as it is a heavy resistance (forgot to mark that in the chart)


Price line crossing the middle Bollinger cleanly on a 4H chart


Crossing the Top Bollinger cleanly on a 1H chart

High chances of retracement. Price to watch out for is the red line (8930) in my view and the middle Bollinger of 1H candle (around 8800).

If it bounces from there it is great news :)

RSI shows strength as it is above 30. Bullish divergence also signals a strong chance of bouncing from the minor retracement to move higher.

But if it dips below the 1H Bollinger and marked support at $8930 then we can test $8400 again.

I liquidated my long at $9200, now on short till $8930

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